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Essays in Public Economics and Local Public Finance.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays in Public Economics and Local Public Finance./
Author:	MacKay, Robert Calder.
Description:	1 online resource (125 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Contained By:	Dissertation Abstracts International78-12A(E).
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9780355069419

Essays in Public Economics and Local Public Finance.
MacKay, Robert Calder.

Essays in Public Economics and Local Public Finance. - 1 online resource (125 pages)

Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.

Thesis (Ph.D.)--University of California, San Diego, 2017.

Includes bibliographical references

This work deals with local governments and fiscal stress. In the first chapter, I analyze the response of individual housing sales prices to negative information or "news" about local public debt levels and their underlying impact on the provision of public goods and services. In particular, I use the announcement that rising levels of unfunded pension liabilities for the San Diego City Employees' Retirement System (SDCERS) were higher than previously perceived. In the second chapter, I analyze the effect of fiscal stress on local government fiscal structures. For this analysis, I focus on the sudden investment losses of nearly $1.7 billion in 1994 that led to Orange County's default on debt obligations and bankruptcy. In the third chapter, I analyze how local governments underfund their public pensions over the business cycle---where unfunded pension liabilities serve as an effective way to borrow from the public workforce. I look at changing levels of unfunded pension liabilities and the local government characteristics over the 2001 and 2008 recessions.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355069419Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Essays in Public Economics and Local Public Finance.
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100 1 $a MacKay, Robert Calder. $3 1194911
245 1 0 $a Essays in Public Economics and Local Public Finance.
264 0 $c 2017
300 $a 1 online resource (125 pages)
336 $a text $b txt $2 rdacontent
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500 $a Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
500 $a Adviser: Julie Cullen.
502 $a Thesis (Ph.D.)--University of California, San Diego, 2017.
504 $a Includes bibliographical references
520 $a This work deals with local governments and fiscal stress. In the first chapter, I analyze the response of individual housing sales prices to negative information or "news" about local public debt levels and their underlying impact on the provision of public goods and services. In particular, I use the announcement that rising levels of unfunded pension liabilities for the San Diego City Employees' Retirement System (SDCERS) were higher than previously perceived. In the second chapter, I analyze the effect of fiscal stress on local government fiscal structures. For this analysis, I focus on the sudden investment losses of nearly $1.7 billion in 1994 that led to Orange County's default on debt obligations and bankruptcy. In the third chapter, I analyze how local governments underfund their public pensions over the business cycle---where unfunded pension liabilities serve as an effective way to borrow from the public workforce. I look at changing levels of unfunded pension liabilities and the local government characteristics over the 2001 and 2008 recessions.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Finance. $3 559073
650 4 $a Public administration. $3 562473
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0508
690 $a 0617
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of California, San Diego. $b Economics. $3 1179071
773 0 $t Dissertation Abstracts International $g 78-12A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10289020 $z click for full text (PQDT)